Australian Immigration Daily News

Did you know?

Migration Agents are required by law (Section 292B of the Migration Act 1958) to hold Professional Indemnity Insurance for at least $250,000 cover.

What is Professional Indemnity Insurance?

Those who perform services for others can make mistakes, overlook a critical piece of information, misstate a fact, be misinterpreted, etc.  Professional Indemnity Insurance simply shields you against claims of negligence, even if you haven’t made a mistake.

If you are sued then Professional Indemnity Insurance protects you and your business from bearing the full cost of defending a lawsuit pertaining to “negligence” or “failure to perform.”

Why do Migration Agents need it?

Because Professional indemnity insurance gives Migration Agents and their families peace of mind. Your assets are safe even if you do face legal action as a result of your work.

What are the Key Risks for Migration Agents:

• Incorrect advice or errors on Visa applications
• Late lodgement of documentation
• Incorrect advice on migration issues
• Failure to provide information regarding migration country

3 things to consider for Migration Agents when purchasing a Professional Indemnity policy

Find an insurer that:

1. 1.     Understands the coverage needs of Migration Agents
2. 2.     Offers multiple quotes from trusted Australian insurers and guarantees the best price in the market.
3. 3.     Is recognised by the Migration Agents Registration Authority (MARA) and other Professional Associations

Why buy from BizCover?

BizCover has extensive experience working with Migration Agents plus offers a special discount for members of the Migration Alliance. Please us the following partner code at checkout: MABIZ001.

To redeem your discount simply click here

BizCover also offers hassle-free cover, with:  

• No paperwork, No delays!
• Flexible payment options
• The ability to receive your policy documents instantly

Our Price Promise Guarantee means you get the best price in the market – guaranteed! Click here for more information on our Price Promise Guarantee

What our customer are saying

“I have a great experience with BizCover, easy and fast. Thanks!”

J. Mingxia, Sydney NSW, Registered Migration Agent

 “Good cover at reasonable rates with Migration Alliance membership. Would recommend.”

K Methwani, Perth WA, Registered Migration Agent 

Please Note: Coverage under the policy will be subject to the particular circumstances relating to a claim and the full terms and conditions of the policy.